India’s Das Says RBI to Be ‘Proactive’ in Tackling Virus Threat
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The Reserve Bank of India will be proactive in dealing with threats stemming from the coronavirus outbreak and will have assessed the potential impact on India by the next rate decision due April 3, Governor Shaktikanta Das told BloombergQuint.
“If required, the RBI will act as and when required and, as in the past, the RBI will be proactive and act in time,” Das said, when asked if the central bank needs to make an emergency move. His comments come just days after the U.S. Federal Reserve cut rates by 50 basis points in a surprise decision, triggering speculation that other central banks will follow suit.